The Federal Government has reaffirmed its commitment to creating an enabling environment for housing investment to thrive across Nigeria as part of efforts to expand affordable housing delivery and stimulate economic growth.
Minister for Housing and Urban Development, Muttaqha Darma, made the statement during a meeting with the Chief Executive Officer of Shelter Advisory Services and convener of the Renewed Hope Housing Summit, Dr. Olayemi Sodimu.
The meeting focused on preparations and updates ahead of the upcoming housing summit expected to bring together key stakeholders in the real estate and housing sector.
Housing Key To Economic Growth
Speaking during the meeting, Darma described housing as more than shelter, stressing that the sector remains critical to economic development, job creation, and national growth.
According to the minister, the Federal Government under President Bola Ahmed Tinubu’s Renewed Hope Agenda is prioritising Public-Private Partnerships (PPPs) to unlock investment opportunities and accelerate housing delivery nationwide.
“That is why, under the Renewed Hope Agenda of President Bola Ahmed Tinubu, we are strengthening Public-Private Partnerships to unlock investment, scale delivery, and expand access to affordable homes,” he said.
Summit To Drive Housing Delivery
Earlier, the summit convener, Dr. Olayemi Sodimu, said the Renewed Hope Housing Summit is designed to move conversations on housing beyond policy discussions into practical implementation and measurable results.
According to him, the summit aims to translate policy clarity into investable housing projects capable of improving Nigerian cities and communities.
“The Summit recognises Public–Private Partnerships as the most viable pathway for mobilising long-term finance, aligning public land and infrastructure with private sector expertise, and delivering housing at the scale Nigeria urgently requires,” Sodimu explained.
Focus On Affordable Housing
Stakeholders say the summit comes at a critical time when Nigeria continues to face a significant housing deficit, rising construction costs, and growing urban population pressure.
Experts believe stronger collaboration between government and private developers remains essential to unlocking financing, improving infrastructure, and increasing access to affordable homes.
